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And although India is opening some sensitive industries, such as telecoms and retail, to foreign investors, ownership limits remain.
ECONOMIST: Banyan
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Some sectors of the economy, one of the poorest in Asia, remain off-limits to foreign ownership, including fishing and farming.
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Although India has broadly cut import duties and increased foreign-ownership limits over the past ten years, large sections of the economy remain sheltered by high tariffs and restrictions on foreign direct investment, which amounts to just 0.7 percent of India's GDP, compared with 4.2 percent in China and 3.2 percent in Brazil.
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